CNBC's Sara Eisen reports Yum! Brands is saying news coverage concerning the sale of bad meat has caused a "significant, negative impact" to same-store sales at KFC and Pizza Hut locations.» Read More
Fed policy is much less relevant to U.S. growth and price stability than in the days of Paul Volcker, because China's yuan policy has substantially limited the importance of Fed interest rate decisions by severing the historic link between short interest rates-like the federal funds rate it targets-and long rates on mortgages, corporate bonds, and the securities banks use to finance lending on cars and credit cards.
Stocks climbed on Monday following news that China is dropping its informal peg of the yuan to the dollar, a move investors believe will boost Chinese demand for exports as well as commodities. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
China's currency announcement has the potential to boost American exports, says Fred Hochberg, President and Chairman of the US Export-Import Bank.
China has finally bowed to international pressure, and this move is seen as an attempt by China to placate the West and ease international criticism of its rigid currency policy ahead of the G20 leaders meet in Toronto this coming weekend; a face-saving way of giving in to pressure from the US, EU and international financial institutions to allow its currency to appreciate.
Here's what analysts and others say they're watching before the bell Monday.
China's central bank said Sunday it would maintain a stable exchange rate and didn't anticipate major changes in the value of the yuan, a day after saying it would manage the currency more flexibly.
China's central bank says it will allow more exchange rate flexibility but says there is no basis for a large-scale appreciation.
A number of reports coming next week might tell us what to expect come July.
Here's what analysts and others say they're watching before the bell Friday.
Asian stocks were mixed in directionless trade on Friday, after Wall Street closed with slight gains.
Confidence is returning quickly to U.S. consumers, said Bruce Rockowitz, president of Li & Fung, one of the world's largest suppliers for major brands and retailers.
If you're a white guy in China and you own a suit — Congrats! You're hired.
The company and the Consumer Product Safety Commission say no injuries have been reported yet but urge consumers to stop using the belts and return them for a full refund through the voluntary recall program
Governments have intervened too much in free markets since the crisis started, to the point that they are affecting the health of the world economy, Marc Faber, the author of "The Gloom, Boom & Doom Report" told CNBC Thursday.
The Minerals Management Service, the agency in charge of regulating offshore drilling in the US, has investigated the Gulf of Mexico oil spill in a “completely backwards” manner, according to remarks expected to be made Thursday to a Congressional panel by Mary L. Kendall, the acting inspector general of Interior, the Wall Street Journal reported
Asian stock markets traded rangebound on Thursday, after major indices on Wall Street ended mostly flat on mixed economic data and a disappointing outlook from FedEx.
I'm in Singapore on an Asian research trip and I continue to be impressed with the trajectory of this region in terms of its growing influence on global economics.
As European governments promised they will take steps to reduce gaping budget deficits, famous investor Jim Rogers told CNBC he bought the single European currency, as he said he would.
Asian stocks jumped on Wednesday, after a number of successful European debt auctions eased investor concerns about the euro zone's solvency crisis.
The Shanghai Composite Index fell 23 percent since the beginning of the year, largely due to concerns over global economic fragility and fears of China’s property market overheating. Given the correction, is it a good time to buy China equities? Well, if you believe in the China growth story, then China is worth looking at now.